development

Egypt needs investments of US$45 billion to meet target growth rate
Business

Egypt needs investments of US$45 billion to meet target growth rate

Egypt needs LE276 billion (US$45 billion) in investment this year to meet its targeted growth rate, Prime Minister Hesham Qandil…
Govt allocates LE1.95 bn for Sinai development
Egypt

Govt allocates LE1.95 bn for Sinai development

The government allocated LE1.95 billion for the development of Sinai in the current year's budget, said on Monday Major General…
US delegation in favor of IMF loan, protesters say no
Business

US delegation in favor of IMF loan, protesters say no

The head of the US economic delegation said Wednesday that United States welcomes Egypt's negotiations with the IMF as the…
Morsy scores US$4.9 bn in investments on China trip
Egypt

Morsy scores US$4.9 bn in investments on China trip

Presidential spokesman Yasser Ali has said several investment agreements were signed between Egyptian and Chinese businessmen during President Morsy’s visit…
Morsy rules out currency devaluation
Business

Morsy rules out currency devaluation

  Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
Lagarde, Qandil hope for IMF deal before end of year
Business

Lagarde, Qandil hope for IMF deal before end of year

The Egyptian government has entered negotiations with the International Monetary Fund for a US$4.8 billion loan, Prime Minister Hesham Qandil…
Investment in Arab states rises despite unrest
Business

Investment in Arab states rises despite unrest

  Total foreign and domestic investments in Arab states rose slightly last year despite widespread unrest, the Kuwait-based Arab Investment and Export Credit Guarantee Corp. said…
Cairo’s central slum under threat
Egypt

Cairo’s central slum under threat

The contrast is stark. On the Nile waterfront, gleaming skyscrapers shoot into the sky, containing a mall stuffed with luxury…
Shura Council discusses land development plan
Egypt

Shura Council discusses land development plan

Head of the General Organization for Physical Planning Mostafa Madbouli presented an urban development plan to the Shura Council on…
New budget ‘represents the past,’ says former Finance Minister
Business

New budget ‘represents the past,’ says former Finance Minister

Samir Radwan, the former Finance Minister, said that the current state budget “represents the past” and that it “would not…
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